equipment is acquired for $50,000. insurance while in transit costs $900, and sales tax amounts to $800. a repair in the first year costs $1,000. moreover, insurance, taxes, and maintenance in the first year of use cost $3,000. what is the cost of the equipment?

Answers

Answer 1

The total cost of the equipment, including insurance, taxes, and maintenance, is: $55,700.

To calculate the total cost of the equipment, we add the initial cost of $50,000 to the cost of insurance while in transit ($900) and sales tax ($800), which gives us a subtotal of $51,700.

We then add the cost of the repair in the first year ($1,000) and the additional costs of insurance, taxes, and maintenance in the first year ($3,000) to arrive at a total cost of $55,700.

This calculation demonstrates the importance of considering all costs associated with acquiring and maintaining equipment, not just the initial purchase price.

By factoring in additional expenses like insurance, taxes, and maintenance, businesses can get a more accurate understanding of the true cost of their assets and make more informed decisions about investments and budgeting.

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Related Questions

The mortgage bankers and real estate companies who helped create the financial crisis of 2008 were driven by.

Answers

A majority of the mortgage bankers and real estate companies who were influential in the creation of the financial crisis in the year 2008 were driven by affordable housing for the United States' people.

What is the significance of 2008 financial crisis?

The financial crisis of 2008, which lasted until early 2009, was caused by the luring the schemes of affordable housing for the US citizens by some of the biggest global mortgage bankers and real estate companies by coming in close collaborations.

The 2008 financial crisis was influential in complete destruction of global economic conditions. This was one of the first big level crises of the 21st century.

Hence, the causes of 2008 financial crisis are aforementioned.

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Eloise, a medical equipment sales rep, purchases a quick snack to eat on the way to work. She buys lunch while on the road visiting customers, and grabs bread and milk on the way home when she stops to buy gas. Eloise probably does the majority of this shopping at a

Answers

Answer:

convenience store

Explanation:

A convenience store is a retail store that usually sells a large range of everyday items to customers.

The amounts of these products are usually in small amounts (not wholesale).

Items sold could include drinks, coffee, snacks, over the counter drugs, milk, bread, and so on.

In the given scenario Eloise purchases a quick snack, lunch, bread,, milk, and gas during the day.

She is most likely making purchases from a convenience store

Many large corporations like Coca-Cola, Ford, Nike, and McDonald's were started many years ago by:

Answers

Large corporation is defined as a corporation or unitary group of corporations that, for any of the three taxable years immediately prior, has federal taxable income of $1,000,000 or more, exclusive of any federal net operating loss or capital loss carrybacks or carryovers.

In 1940, brothers Maurice ("Mac") and Richard McDonald opened the first McDonald's restaurant in San Bernardino, California.

Mary (Lito got) and William Ford welcomed Henry Ford into the world on July 30, 1863, in Springwell's Township, Wayne County, Michigan. He was the sixth child in a family of four boys and two girls, making him the oldest.

Bill Bowerman and Phil Knight established the business on January 25, 1964, under the name "Blue Ribbon Sports." On May 30, 1971, the company changed its name to Nike, Inc.

The first glass of Coca-Cola was sold on May 8, 1886, at Jacobs' Pharmacy in downtown Atlanta by Dr. John Pemberton. In its first year, Coca-Cola served nine drinks each day, making it a novel beverage.

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the u.s. postal service maintains a monopoly on mail delivery in part through its exclusive right to access customer mailboxes. which barrier to entry best describes this situation?

Answers

Answer:

Government intervention,

Explanation:

because the government (Congress) only allows the U.S. Postal Services to access mailboxes.

10. Filing taxes helps determine if... (choose ALL that apply) *
(10 Points)
You owe taxes to the government because not enough money was withheld from your check
The government owes you a refund because you paid too much from your paycheck
You paid the correct amount that year from your paycheck
You should be getting more deductions because you aren't getting enough

Answers

Answer:

You owe taxes to the government because not enough money was withheld from your check

The government owes you a refund because you paid too much from your paycheck. You paid the correct amount that year from your paycheck

Lito is working with a discount broker.Which service would Lito not be likely to receive?

Answers

Answer: face to face consultations

In hopes of earning a few dollars on belongings they no longer use or want, some people take their household items to consignment shops, while other people sell their items on eBay. Which method of selling can be argued to have more structural holes?

Answers

Answer:

Selling through a consignment shop

Explanation:

Structural holes refer to a situation in which parties in a network are not able to interact.

A consigment shop is a store where you can take things to sell and the owner decides a price to pay and then, the objects are sold to someone else at a higher price and the owner gets a profit.

eBay is an online shopping site that allows people to sell things directly to buyers.

According to this, the answer is that the method of selling that can be argued to have more structural holes is selling through a consignment shop because buyers can't negotiate directly with the sellers which they can do in eBay.

Apple vs. Samsung: The Design Patent War Between Two
Technology Giants
In 2011 Apple sued Samsung on the grounds of patent
infringement. Watch the short video and read through the
articles.
https://ww

Answers

In 2011, Apple sued Samsung for patent infringement, sparking a design patent war between the two tech giants. The dispute centered around similarities in smartphone and tablet designs.

The legal battle resulted in lawsuits in multiple countries, with both companies accusing each other of copying their designs. The case highlighted the importance of design patents in the technology industry and had a significant impact on future patent disputes between Apple and Samsung.

In 2011, Apple filed a lawsuit against Samsung, alleging that Samsung's smartphones and tablets infringed upon Apple's design patents. This initiated a prolonged legal battle between the two companies known as the design patent war. The case raised questions about the boundaries of design patents and the similarities between competing products in the technology industry. The lawsuits spanned multiple countries and resulted in mixed outcomes, with some rulings favoring Apple and others favoring Samsung. The dispute showcased the significance of design patents and their potential impact on product innovation and competition within the tech sector.

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Apply Concepts Describe a hypothetical government budget that employs an expansionary policy.

Answers

Answer:

There will be cut in taxes and increased spending.

Explanation:

Expansionary policies are those in which government takes decisions to increase the spending on infrastructure, health, education and other development projects and reduces the taxes. This strategy is used to boost the economy. The increased spending creates more opportunities and there will be lesser unemployment in the country.

How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

A Manager Should Always Reject A Special Order If o A. The special order price is less than the variable costs of the order. o B. The special order price is less than the regular sales price. o C. There is available excess capacity. o D. The special order will require variable nonmanufacturing expenses.

Answers

A Manager Should Always Reject A Special Order if A. The special order price is less than the variable costs of the order.

How do you decide whether to approve a special order?

Management must take into account a number of considerations before determining whether to accept a particular order:

1. the quantity needed to complete the particular order.

2. Whether the buyer's proposed price will cover the cost of production.

3. the analysis's use of fixed costs.

4. Qualitative elements

Management should only approve a special order if the added revenue surpasses all product costs when analysing the request. Management must take into account a number of criteria before deciding whether to accept a particular order, including the capacity needed to complete the request. Whether the buyer's proposed price will cover the cost of production. the analysis's use of fixed costs.

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(b)
Your warehouse manager reports that there were four king-size sheets and three queen-size sheets returned, along with five packages of queen pillow cases. Calculate the revised total due (in $).
$
(c)
The vendor has offered a 8% early payment discount that applies only to the merchandise, not the shipping or insurance. What is the amount of the discount (in $)? (Round your answer to the nearest cent.)
$
(d)
What is the new balance due after the discount (in $)? (Round your answer to the nearest cent.)
$

Answers

The revised overall due is $6,117.60. The early fee bargain amount is $416.88, and the new stability due after the bargain is $5,700.72.

(a) After correcting the mistakes within the itemization, the revised invoice desk must be as follows:

QTY. Ordered QTY. Shipped Description Unit Amount

44 ea. Sheets, king $45.10 $1,984.40

65 ea. Sheets, queen $39.60 $2,574.00

28 pkg. Pillow Cases, queen $17.85 $498.80

55 pkg. Pillow Cases, std. $17.35 $954.25

6 ea. Shams $33.25 $199.50

Invoice Subtotal $5,210.95

Shipping Charges of $131.50

Insurance $23.35

Invoice Total $5,365.80

(b) The variety of king-size sheets back is 4, and the quantity of queen-size sheets returned is three. The total cost of the back sheets may be calculated as follows:

4 * $45.10 (king-length sheet fee) + 3 * $39.60 (queen-length sheet rate) = $180.40 + $118.80 = $299.20

(c) The early fee bargain provided via the vendor is 8% of the product's fee. To calculate the bargain, we need to subtract the value of shipping and insurance from the invoice subtotal and practice the bargain percent:

Discount = 8% * (Invoice Subtotal - Shipping Charges - Insurance)

Discount = 8% * ($5,210.95 - $131.50 - $23.35) = 8% * $5,056.10 = $404.49

(d) The new balance due after making use of the cut price may be calculated by using subtracting the discount quantity from the bill overall:

New Balance Due = Invoice Total - Discount

New Balance Due = $5,365.80 - $404.49 = $4,961.31

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The correct question is:

"INVOICE Hamilton Mills No. 49485 INVOICE DATE July 9, 20xx 115 Rock Creek Road CUSTOMER'S Charlotte, North Carolina 28235 ORDER NO. 49485 SOLD TO: SHIP TO: SAME The Bedding Warehouse 406 Maple Road Franklin, VA 23851 SALESMAN SHIPPED VIA Federal Express TERMS Net 30 Days F.O.B. Charlotte, N.C. QTY. ORDERED QTY. SHIPPED DESCRIPTION UNIT AMOUNT 44 ea. Sheets, king $45.10 $1,984 40 65 ea. Sheets, queen $39.60 $2,57400 28 pkg. Pillow Cases, queen $17.85 $44980 55 pkg. Pillow Cases, std. $17.35 $954 25 6 ea. Shams $33.25 $299 50 $6,261.95 INVOICE SUBTOTAL SHIPPING CHARGES $131.50 Insurance $23.35 INVOICE TOTAL $6,416.80 Invoice Table QTY. Ordered QTY. Shipped Description Unit Amount 44 ea. Sheets, king $45.10 $1,984.40 65 ea. Sheets, queen $39.60 $2,574.00 28 pkg. Pillow Cases, queen $17.85 $449.8 55 pkg. Pillow Cases, std. $17.35 $954.25 6 ea. Shams $33.25 $299.5 Invoice Subtotal $6,261.95 Shipping Charges $131.50 Insurance $23.35 Invoice Total $6,416.80 (a) You notice several errors in the itemization of the invoice. Correct the errors in the itemization ing the fol table $). QTY. Ordered QTY. Shipped Description Unit Amount 44 ea. Sheets, king $45.10 $ 65 ea. Sheets, queen $39.60 $ 28 pkg. Pillow Cases, queen $17.85 $ 55 pkg. Pillow Cases, std. $17.35 $ 6 ea. Shams $33.25 $ $ Invoice Subtotal $ Shipping Charges $131.50 Insurance $23.35 Invoice Total $                                            (b)

Your warehouse manager reports that there were four king-size sheets and three queen-size sheets returned, along with five packages of queen pillow cases. Calculate the revised total due (in $).

$

(c)

The vendor has offered a 8% early payment discount that applies only to the merchandise, not the shipping or insurance. What is the amount of the discount (in $)? (Round your answer to the nearest cent.)

$

(d)

What is the new balance due after the discount (in $)? (Round your answer to the nearest cent.)

$ "

True or False: If Larry's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, decreasing its price from $100,000 to $80,000 would result in the same change in production quantity and, thus, total revenue.

Answers

Answer:

False

Explanation:

This would actually decrease Larry's revenue per engine sold, but the quantity supplied should increase. The change in Larry's total revenue will depend on the price elasticity of demand. Total revenue could either decrease or increase depending on its PED:

stewart county school district is about to raise funds for a new school through a bond issue. the plan is to raise $3,475,000 with a 3.15% coupon, 12-year bond. the underwriter indicates the bonds will be sold at a price of $100.65 per $100. the yield to maturity on the bond is:

Answers

The calculated yield to maturity is approximately -0.9643 or -96.43%.

To calculate the yield to maturity (YTM) on a bond, we need to consider the coupon rate, bond price, and the bond's remaining term.

Given:

Face Value of the Bond (FV) = $100Coupon Rate = 3.15%Bond Price = $100.65Remaining Term = 12 years

To calculate the yield to maturity, we can use financial functions or approximation methods. Here, we'll use an approximation method:

Step 1: Calculate the annual coupon payment:

Coupon Payment = Coupon Rate * Face ValueCoupon Payment = 3.15% * $100Coupon Payment = $3.15

Step 2: Calculate the total cash inflow from the bond over its remaining term:

Total Cash Inflow = (Annual Coupon Payment * Number of Years) + Face ValueTotal Cash Inflow = ($3.15 * 12) + $100Total Cash Inflow = $37.80 + $100Total Cash Inflow = $137.80

Step 3: Calculate the yield to maturity using the bond price and total cash inflow:

\(YTM = (Total Cash Inflow / Bond Price) ^{ (1 / Remaining Years) - 1\)\(YTM = ($137.80 / $100.65) ^ {(1 / 12) - 1\)\(YTM = 1.3708 ^ {(1 / 12) - 1\)YTM = 0.0357 - 1YTM = -0.9643

The calculated yield to maturity is approximately -0.9643 or -96.43%.

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Free 50 Pts
Is it Legal if i use a M18 Claymore Mine While Hunting?

Answers

Answer:

no there would be not evidence that u killed something because that evaporate the animal

Explanation:

A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend

Answers

a, your interview :)

A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.

What is interview?

A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.

In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.

Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.

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Why is it common for producers of services to sell through short distribution channels directly to the end user

Answers

Answer: “The people providing the service often fo so by interacting directly with the user”

Explanation: just took the quiz

Answer: B. The people providing the service often fo so by interacting directly with the user

Explanation: I just took the quiz and the answer was correct

in response to a shortage caused by the imposition of a binding price ceiling on a market,

Answers

In response to a shortage caused by the imposition of a binding price ceiling on a market,

a. price will no longer be the mechanism that rations scarce resources.

b. long lines of buyers may develop.

c. sellers could ration the good or service according to their own personal biases.

A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.

When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.

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-PLEASE HELP!
Which of the following choices is an example of an installment loan?

a fixed rate home loan

a variable rate credit card

a mutual fund

a utility bill

Capital, such as a car or home, is often used to secure a loan.

True

False

Answers

I believe the answers are utility bill and true.
1. Utility bill
2. True

under what circumstances would it be efficient to impose a higher abatement standard for a psd region than for a non-attainment region

Answers

Impose a higher abatement standard for a PSD region if marginal social cost equals marginal social benefit at the higher abatement level in the PSD region.

What Are Marginal Social Costs and Benefits of Abatement?

The marginal social cost of abatement is the change in society's total cost of reducing one more unit of pollution.

The marginal social benefit of abatement is the change in benefits associated with reducing one more unit of pollution.

Both the marginal social cost and benefit of abatement are considred as an incentive for the reduction of polluting emissions.

When imposing an abatement standard for a PSD region versus a non-attainment region, it would be more efficient to impose a higher abatement standard for the PSD region than for the non-attainment region if marginal social cost equals marginal social benefit at the PSD region's higher abatement level.

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to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.

Answers

When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage over others.

In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.

Competitive advantage of a firm entails an attribute which enables the company to outperform its competitors such as Increasing customer-base over other firms.

Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.

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Which of the following does not accurately describe the application of job-order costing?
a. Finished goods that are purchased by customers will directly impact cost of goods sold
b. Indirect manufacturing labor and indirect materials are part of the actual manufacturing costs incurred
c. Direct materials and direct manufacturing labor are included in total manufacturing costs
d. Manufacturing overhead costs incurred is used to determine total manufacturing costs

Answers

Finished goods that are purchased by customers will directly impact cost of goods sold. Option A

This statement is incorrect because job-order costing is a cost accounting system that assigns costs to specific products or orders. In this system, the cost of goods sold is calculated based on the actual costs incurred in producing a specific product or order. Therefore, finished goods that are purchased by customers do not directly impact the cost of goods sold.

On the other hand, options (b), (c), and (d) accurately describe the application of job-order costing. Indirect manufacturing labor and indirect materials are part of the actual manufacturing costs incurred because they are essential in the production process, but cannot be directly attributed to a specific product or order.

Direct materials and direct manufacturing labor are included in total manufacturing costs because they can be directly traced to a specific product or order. Manufacturing overhead costs incurred are used to determine total manufacturing costs because they include all the indirect costs associated with the production process, such as rent, utilities, and depreciation.

In conclusion, job-order costing is an important cost accounting system that enables companies to determine the actual costs incurred in producing specific products or orders. It is essential for companies that produce custom-made or unique products, as it allows them to accurately allocate costs and determine the profitability of each product or order. Option A.

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The duality of effects refers to the fact that each transaction ______.

Answers

Answer:

has at least two effects on the basic accounting equation.

Although a market segment can meet all criteria for viability, a firm may choose to not pursue the segment. Which of the following is a reason why this might occur? The segment has no synergy with the firm's mission.

Answers

A market segment may meet all criteria for viability, but a firm may choose not to pursue it if it has no synergy with the company's mission. This is one reason why this might happen. A lack of synergy is a significant factor to consider because it might indicate that the company's efforts and resources would be better spent elsewhere.

However, there are other reasons why a firm may choose not to pursue a market segment. There may be a conflict with the company's values or strategy, or the segment may be too small or difficult to reach, for example.

Ultimately, a firm must evaluate each potential market segment on its own merits and determine whether it aligns with its strategic objectives and core competencies. A market segment may meet all criteria for viability, but a firm may choose not to pursue it if it has no synergy with the company's mission. This is one reason why this might happen. However, there are other reasons why a firm may choose not to pursue a market segment. Ultimately, a firm must evaluate each potential market segment on its own merits and determine whether it aligns with its strategic objectives and core competencies.

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About half of logisticians work in what industries or fields?
O A. Manufacturing and government
O B. Education
C. Science and industry
O D. Retail and wholesale

Answers

Answer:

A. Manufacturing and government

Explanation:

The logistician's reviews the activities that are related to purchasing, inventory, transportation, warehousing of materials, etc

According to the given situation as it is mentioned that half of the logisticians work in manufacturing and government fields as it captures most of the market or we can say most of the states, country

Therefore the correct option is A.

Answer:a

Explanation:

compare a historical topic or event that occurred from the Pre-Columbian Native American civilizations to 1876 to a topic or an event in our contemporary society. The topic or event you choose should include the following: economics, diplomacy, politics, cultural and social. This should be well developed also including the similarities and differences of each topic. using 4 sources

Answers

A comparison between the Pre-Columbian Native American civilizations and contemporary society can be made on the topic of land ownership, highlighting differences in economics, diplomacy, politics, culture, and social aspects.

One topic that can be compared is land ownership. In the Pre-Columbian Native American civilizations, the land was often communally owned and utilized for subsistence agriculture. Economic activities were focused on meeting basic needs rather than the accumulation of wealth. Diplomacy and politics revolved around communal decision-making processes and alliances between tribes. Culturally, land held spiritual significance and was deeply intertwined with indigenous traditions and rituals. Socially, land ownership and usage were communal responsibilities, fostering cooperation and interconnectedness.

In contemporary society, land ownership is predominantly private, driven by individual ownership rights and market forces. Economics revolves around property values, investments, and profit-making. Diplomacy and politics involve regulations, zoning, and property rights protection. Culturally, land ownership often signifies status and wealth. Socially, land ownership can create disparities, inequalities, and conflicts.

These topics can be explored further using historical and contemporary sources, such as academic papers, books, articles, and government reports, to examine the similarities and differences in economics, diplomacy, politics, culture, and social aspects between the two periods.

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What is a disadvantage to online
banking?
security breaches can
happen and compromise
your personal information
it makes you use your
computer
it prevents you from
having to go to the
ATMto deposit
money
it is convenient

Answers

One major disadvantage of online banking is the potential for security breaches and the compromise of personal information. Since online banking involves transmitting sensitive information over the internet, such as account numbers, passwords, and social security numbers, there is always a risk of that information being intercepted by hackers or other unauthorized individuals.

Additionally, online banking may require the use of a computer or mobile device, which can be inconvenient for those who do not have easy access to such devices or who prefer to conduct their banking in person. Finally, while online banking may be convenient for many people, it does not allow for the same level of personal interaction with bank representatives as traditional banking methods, which can be a disadvantage for those who prefer to have a more personalized banking experience.

Calcular el Costo Variable Total teniendo en cuenta:
CANTIDAD PRODUCIDA: 1000 UNIDADES
COSTO VARIABLE UNITARIO: $ 50
COSTO FIJO TOTAL: $ 20.000
PRECIO DE VENTA: $ 100

Answers

By dividing the price to produce one unit of your product by the number of items you have created, you can determine the total variable cost. For instance, if producing one unit of your product costs $60 and you produced 20 units, your total variable cost would be $60 x 20 or $1,200.

What is the product?

The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.

the price to produce one unit of your product by the number of items you have created, you can determine the total variable cost. For instance, if producing one unit of your product costs $60 and you produced 20 units, your total variable cost would be $60 x 20 or $1,200.

Therefore, By dividing the price to produce one unit of your product by the number of items you have created, you can determine the total variable cost.

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two primary misuses of escrow funds are mixing escrow with non-escrow funds, say by depositing them in the same account; and using escrow funds for the wrong purposes. the two abuses are termed?

Answers

The two abuses are termed as Commingling and conversion.

Commingling is the act of combining monies, and conversion is the act of putting money to use for something other than what it was designed for. For instance, it would be commingling funds if the landlord put the security deposit money in the same bank account as his rental income.

The act of combining a client's money with the agent's personal wealth is known as commingling. The illegal misuse and use of a client's funds by a licensee is known as conversion. The more serious offense is conversion.

The act of using property or funds that have been entrusted to one for reasons other than those for which they were intended to be used by those who entrusted them is known as conversion in law.

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Lenders look at the credit score of a loan applicant in order to _____.
a.
verify the applicant’s annual gross income
b.
ensure that the applicant is financially responsible
c.
ensure that the applicant’s credit score is as high as possible
d.
see what types of loans the applicant has applied for in the past


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

B

Explanation:

because they make sure you are responsible and careful with money

The correct option is b. ensure that the applicant is financially responsible.

Credit score:A credit score refers to the numerical expression depend upon a level analysis of a person's credit files, for presenting the creditworthiness of an individual. So for looking at the credit score, the applicant should be responsible financially.

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